Deal Details
Recochem Is Acquired by CapVest
Summary
Recochem Holdings, Inc. (“Recochem” or the “Company”), a portfolio company of H.I.G. Capital ("H.I.G."), has recently been acquired by CapVest Partners LLP (“CapVest”).
Baird served as financial advisor to Recochem Holdings on this transaction.
About
Recochem, with revenues in excess of $1 billion, is a leading global manufacturer, marketer and distributor of aftermarket transportation and household fluids. The Company’s product portfolio spans branded, private label and bulk offerings and includes coolant, appearance products, windshield wash fluid, diesel exhaust fluid and a broad range of household fluids and industrial chemicals. The Company serves consumers and industrial customers worldwide through its operations in North America, Europe, Australia and Asia-Pacific. Recochem is headquartered in Montreal, Quebec, Canada.H.I.G. Capital is a leading global alternative investment firm with $59 billion of capital under management. H.I.G. specializes in providing both debt and equity capital to small and mid-sized companies, utilizing a flexible and operationally focused / value-added approach. Since its founding in 1993, H.I.G. has invested in and managed more than 400 companies worldwide. H.I.G.’s current portfolio includes more than 100 companies with combined sales in excess of $52 billion. H.I.G. has U.S. offices in Miami, New York, Boston, Chicago, Dallas, Los Angeles, San Francisco and Atlanta, as well as international affiliate offices in London, Hamburg, Madrid, Milan, Paris, Bogotá, Rio de Janeiro and São Paulo. H.I.G. is headquartered in Miami, Florida.
CapVest is a leading international private equity investor that partners with ambitious companies supplying essential goods and services to transform their businesses. As an active and patient investor, CapVest has established a strong record of success in delivering attractive returns by working closely with management in transforming the size and scale of its portfolio companies through a combination of organic and acquisition led growth. CapVest seeks to invest in highly resilient industries where the demand driver for the product or service is non-discretionary. Its core sectors include consumer staples, healthcare and essential services. Founded in 1999, CapVest is headquartered in London, United Kingdom.
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- Date
- November 2023
- Company
- Recochem Holdings, Inc.
- Transaction
- M&A - Sellside
- Sectors
-
Industrial
Consumer - Verticals
-
Specialty Materials & Chemicals
Vehicle Technology & Mobility
- Target Geography
- North America
- Acquiror Geography
- Europe
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